Bidders at Mecum auction revved up spending
Marengo, Ill.-based Mecum Auctions Inc. recorded vehicle sales in Indianapolis of more than $47 million, versus $41.7 million in 2010.
Manufacturing
Articles
Sleepy Klipsch buyer out to make some noise
Audiovox Corp., the Hauppauge, N.Y.-based company that recently bought the high-end audio firm Klipsch Group, hopes to use the $167 million deal to win over Wall Street.
Government to lose $14B of auto bailout funds
The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry, a third of the loss officials had initially estimated.
Electric vehicles gain traction in region
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
Alexandria working on factory deal with defense contractor
Alexandria Mayor Jack Woods said plans are for Maryland-based Floatograph Technologies to buy the former U.S. Pipe facility from the city and then repair and remodel the factory. The plant could eventually have 100 workers.
Kokomo, Marion team up to draw auto jobs
Two central Indiana cities with deep roots in the auto industry are launching a new cooperative agreement aimed at attracting more automotive manufacturers and suppliers to the area.
Defense spending bill leaves out Rolls-Royce jet
The U.S. House committee rejected efforts by some in Congress to spend more money on construction of an extra engine for the F-35 Joint Strike Fighter for the Air Force, Navy and Marine Corps.
Klipsch steps down as speaker maker CEO
Longtime Klipsch Group executive Paul Jacobs will take the helm, giving the Indianapolis company its first leader not named Klipsch.
Honda set to bump up production, except in Indiana
Honda's North American factories will return to near-normal production at most plants in August, the company said Thursday. However, full production of the Honda Civic, which is built at plants in Indiana and Ontario, might not resume until the end of the year.
Indianapolis among six cities to watch for emerging technology
New York, Boston, Chicago, Austin and Boulder, Colo., also cited.
‘Virtualization’ spawning demand for tech workers
The city’s information technology sector may be a step closer to easing a worker shortfall created by the rise of cloud computing. Harrison College responds with more courses geared toward IT workforce.
Rise of machines bodes well for tech firm Mesh Systems
The founder of Mesh Systems, a company that develops wireless “machine-to-machine” communications software and hardware, says his products have countless applications. Earlier this month, Mesh closed on a $2.5 million private placement from investors in Indiana and Wisconsin.
Report: Southwestern Indiana a broadband backwater
Federal data shows no more than 20 percent of residents in Gibson County have basic broadband Internet service.
Ener1 stock takes beating after Think write-down
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
GM winding down operations at local metal-stamping plant
More than half of hourly employees have already retired or accepted transfers to other GM facilities.
ExactTarget stays patient as riches from IPO await
CEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities on the horizon.
Brightpoint bringing 100 jobs to central Indiana
Brightpoint Inc. will add 100 jobs in Plainfield as it moves its Touchstone Wireless operations from Bristol, Tenn., the company announced late Tuesday afternoon.
Notre Dame says no to ‘Made in China’ on Irish goods
Ten years after adopting its policy, Notre Dame remains the only major U.S. university that forbids license holders such as Adidas AG to put the school logo on any product from China.
IBM may add workers to Indiana call center
Economic development officials say IBM Corp. could add several hundred workers to a call center it operates near Anderson.
Slingshot SEO takes top prize at TechPoint’s Mira Awards
Slingshot, a search engine optimization firm, plans to add at least 100 jobs by 2013.